Tesla Inc (TSLA) Stock's Solar Roofs Can't Tile Over Its SEC Worries

Tesla Company has already receiving new orders for the innovative solar roof.

Offering a lifetime guarantee of service for the technology, Tesla claims the solar tiles are more affordable than most conventional roofs because it "ultimately pays for itself by reducing or eliminating a home's electricity bill". This week, they got them.

Bloomberg New Energy Finance (BNEF) had estimated the price of the active solar tiles to reach about US$68 per sq foot, but the cost is significantly lower at US$42 per sq ft.

For a two-story house in Raleigh, N.C., with 2,467 square feet - the median size of a new US home, according to recent Census Bureau data - the upfront cost of replacing a roof with the solar tile system comes to $46,400, according to Tesla's online tool.

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Tesla only confirmed that installation would start in "certain regions of the U.S" in June, therefore, the locations of the job postings might give us an indication of where Tesla plans to make its first solar roof installations.

The big unification of Elon Musk was set in the motion by its solar roofs. Last year, it debuted its solar tile concept - which basically would replace a regular shingled roof with hundreds of glass tiles created to soak up the sun's rays and convert them into usable energy.

Tesla unveiled its solar shingles in October 2016 at a press event.

Installers will mix in the solar tiles with plain glass tiles to achieve the aesthetic the homeowner requests.

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Pricing will vary depending on where you live (due to subsidies on offer) and the design of your house.

"I think it will be great", the billionaire tweeted. Buyers will want Tesla's roof, he said, because it looks as good or better than a normal roof. The tempered glass tiles are said to be three times stronger and more durable than standard roof tiles and Tesla says it will take care of everything - including materials, installation, and the removal of one's old roof. Late previous year, Tesla acquired SolarCity, with about 85 percent of shareholders voting to go through with the deal that made them the undisputed kings of sun-to-vehicle energy.

In related solar news closer today, Malaysia's national electricity utility company Tenaga Nasional Berhad (TNB) has snapped up a 50 per cent stake in one of the UK's largest portfolios of operating solar power assets, which includes 24 solar PV farms with a combined capacity of 365MW. These newfangled MIT-designed panels reflect back an image of the roof below while still letting light through to the photovoltaic cells within.

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